Suncor Energy Inc. (SU) To Go Ex-Dividend on September 4th

Suncor Energy Inc. (NYSE:SU) (TSE:SU) announced a quarterly dividend on Tuesday, August 4th. Investors of record on Friday, September 4th will be paid a dividend of 0.60 per share by the oil and gas producer on Friday, September 25th. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date is Friday, September 4th.

Suncor Energy has raised its dividend by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 4 years. Suncor Energy has a payout ratio of 57.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Suncor Energy to earn $6.54 per share next year, which means the company should continue to be able to cover its $1.71 annual dividend with an expected future payout ratio of 26.1%.

Suncor Energy Trading Up 3.3%

NYSE:SU opened at $69.03 on Wednesday. Suncor Energy has a 12-month low of $37.76 and a 12-month high of $70.29. The stock has a fifty day moving average price of $62.39 and a 200 day moving average price of $62.29. The firm has a market cap of $81.51 billion, a PE ratio of 12.71, a price-to-earnings-growth ratio of 0.48 and a beta of 0.30. The company has a current ratio of 1.65, a quick ratio of 1.08 and a debt-to-equity ratio of 0.19.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its earnings results on Tuesday, August 4th. The oil and gas producer reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.19. Suncor Energy had a return on equity of 20.05% and a net margin of 15.62%.The business had revenue of $13.41 billion for the quarter, compared to analysts’ expectations of $11.68 billion. During the same quarter in the previous year, the firm earned $0.71 earnings per share. Sell-side analysts anticipate that Suncor Energy will post 7.39 earnings per share for the current fiscal year.

About Suncor Energy

Suncor Energy Inc is a Canadian integrated energy company headquartered in Calgary, Alberta. The company’s operations span the full oil and gas value chain, with principal activities in oil sands development and production, conventional exploration and production, refining, distribution and retail marketing of petroleum products. Suncor supplies crude, synthetic crude and refined fuels as well as related products and services to commercial and consumer markets.

Upstream, Suncor is a major developer and operator of oil sands projects in Alberta, using both mining and in situ technologies to produce bitumen and synthetic crude.